Stoic Equity Partners Enhances Market Reach with New Purchase
Stoic Equity Partners Expands with New Acquisition
Daphne, Ala.-based commercial real estate investment firm Stoic Equity Partners is excited to share its latest milestone. The company has acquired the Woodlane Circle Commerce Park, strategically situated in the thriving Tallahassee market. This marks an important step as it's the firm's inaugural acquisition in this locale.
Discovering Hidden Potential
Woodlane Circle Commerce Park is a multi-tenant facility offering 48,750 square feet of versatile space divided into 19 units. What sets this property apart is its diverse tenant mix and significant upside potential. The existing leases are currently priced approximately 30% below market rates, setting the stage for impressive future returns. This is a valuable find for Stoic, as they increase their portfolio's value.
Growth Strategy in the Southeast
Stoic has a clear vision for growth. With this acquisition, the firm is continuing to broaden its reach throughout the Southeast. Currently, they are managing over 925,950 square feet of commercial space across various markets, demonstrating their commitment to the flex industrial sector. Recognizing and seizing high-potential investment opportunities is at the heart of Stoic's strategy.
Leadership Insights
Grant Reaves, Co-Founder and Managing Director of Stoic Equity Partners, expressed enthusiasm regarding the acquisition, stating, "The addition of Woodlane Circle Commerce Park is a great boost to Stoic's growing multi-tenant flex industrial portfolio. This property offers tremendous upside, and we're already realizing that potential with new leases being signed at higher rates."
About Stoic Equity Partners
Stoic Equity Partners is dedicated to making strategic investments in commercial real estate, focusing on value-add opportunities across the Southeast. With co-founders Jeremy Friedman and Grant Reaves at the helm, the firm leverages their extensive experience as commercial real estate brokers to navigate the complex landscape of real estate investments effectively. Their insight and expertise strengthen Stoic's position in the competitive commercial real estate market.
Vision for the Future
As they look ahead, Stoic Equity Partners remains committed to identifying further opportunities for growth and development. The company aims to skillfully manage its expanding portfolio while fostering strong relationships with tenants and stakeholders. This philosophy ensures their operations remain aligned with market demands, facilitating sustainable growth.
Frequently Asked Questions
What type of property is Woodlane Circle Commerce Park?
Woodlane Circle Commerce Park is a flex industrial property featuring a multi-tenant facility.
How many units does the Woodlane Circle Commerce Park have?
The property comprises 19 units, offering a diverse mix of tenants.
What is Stoic Equity Partners' focus in the commercial real estate sector?
The firm focuses on value-add and opportunistic acquisitions and developments throughout the Southeast.
Who are the co-founders of Stoic Equity Partners?
Jeremy Friedman and Grant Reaves are the co-founders, bringing extensive experience in commercial real estate.
How is Stoic Equity Partners expanding its footprint?
They are expanding by acquiring strategic properties like Woodlane Circle Commerce Park to grow their portfolio within the Southeast market.
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